Berlin Hyp finances Berlin mixed-use asset with €45m loan

German lender Berlin Hyp and savings banks Lüdenscheid and Hochfranken have provided a €45 mln facility to finance the Duke office and commercial building in Berlin’s Kreuzberg district.

The financing is for a term of five years and was placed with the new S-Group product ImmoNachrang.

The asset is owned by Quest Investment Partners, which is planning to gradually renovat the asset.

The nine-storey multi-tenant property was built in 1999, has a rental area of 7,600 m2.


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